Enbridge (TSE:ENB) (NYSE:ENB) had its target price decreased by stock analysts at CIBC from C$67.00 to C$63.00 in a research note issued to investors on Friday. CIBC’s price target would indicate a potential upside of 29.55% from the company’s current price.

ENB has been the subject of several other reports. Royal Bank Of Canada decreased their price objective on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. TD Securities lifted their price objective on shares of Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Scotiabank decreased their price objective on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. BMO Capital Markets decreased their price objective on shares of Enbridge from C$70.00 to C$66.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, National Bank Financial decreased their price objective on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$61.03.

Shares of Enbridge (TSE:ENB) opened at C$48.63 on Friday. Enbridge has a 1 year low of C$43.91 and a 1 year high of C$58.28.

In related news, Director Albert Monaco purchased 9,356 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of C$50.02 per share, for a total transaction of C$467,987.12. Also, insider Laszlo Varsanyi sold 2,700 shares of Enbridge stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of C$23.85, for a total transaction of C$64,395.00. Over the last quarter, insiders have purchased 10,156 shares of company stock worth $499,357 and have sold 103,999 shares worth $4,958,443.

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About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Analyst Recommendations for Enbridge (TSE:ENB)

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